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Updated about 8 years ago, 12/03/2016
In need of mortgage broker!
Hello BP-
I am looking at buying under market value multifamily buildings in Tucson, AZ that I can perform a value add on. The goal would be to keep my acquisition cost + repair cost = 70% of ARV so I can perform a cash-out refi when the property becomes seasoned.
I need a broker to go over loan options they would recommend for this strategy. Preferably a company that can supply an option that would wrap construction costs into the loan.
Thanks!
Simon